100 million dollar valuation behind: Mobile Internet deformity City dream rate

Looks promising but doesn't make money. As the "City dream rate" of mobile internet is being pushed up, investors and developers are starting to watch out.

The internet concept, dubbed the Web 3.0 by TechCrunch contributor Jay Jamison, has been widely questioned after a highly touted last year.

The challenge reached a high point with the recent move to a foreign social application in China, where a $100 million trillion-dollar round of financing was estimated. One investor believes that mobile internet companies, which grew up in the shadow of giant companies and do not see the revenue model, could get a 100 million dollar valuation, which means the industry is not far from a bubble.

At present, the mobile internet field appears strange "two yuan phenomenon". This year, the size of domestic mobile internet users has reached 450 million, surpassing last year's forecast. But in the first quarter of 2012, the quarter-on-quarter growth rate of domestic mobile internet users began to decline, from 8.6% in the fourth quarter of last year to 5.1% in the year, according to the Analysys data. In addition, there are few products with a clear revenue model in front of a huge user base.

Baidu CEO Robin Li is the first to sing empty mobile internet industry big guy. At this May's Baidu Alliance summit, Li said that the current mobile internet industry is like in the wine driving, the profit model is not clear, advertising fee model is only looking beautiful. He calls for entrepreneurs to look for business models before starting a business.